Reported about 8 hours ago
Oil prices surged after the US government imposed sanctions on major Russian oil producers, including Rosneft and Lukoil, in an effort to compel President Putin to negotiate an end to the war in Ukraine. Brent crude rose over 3% to surpass $64 per barrel as President Trump signaled a shift in strategy, marking a departure from his previous willingness to meet with Putin. The sanctions could significantly impact Russian oil exports, particularly as the US looks to influence key buyers like India and China.
Source: YAHOO